Friends tell PEOPLE in this week's cover story that the exes will continue to be involved in each other's lives as co-parents of James' kids Sunny, 6, Jesse Jr., 12, and Chandler, 15. The divorce's completion also clears the way for Bullock to finalize her adoption of 6-month-old son Louis.

"It's not like they're talking every day, but they're in touch about things," a source tells PEOPLE. "It really seems like it's about the kids more than anything."